CACI International (NYSE:CACI) Price Target Increased to $555.00 by Analysts at JPMorgan Chase & Co.

CACI International (NYSE:CACI) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $520.00 to $555.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.42% from the company’s previous close.

Several other analysts have also recently commented on the stock. Barclays lifted their price objective on shares of CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. TD Cowen raised their price objective on CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a report on Friday, July 12th. Truist Financial boosted their price target on shares of CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wells Fargo & Company increased their price target on CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Bank of America boosted their target price on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $485.60.

CACI International Trading Up 0.3 %

Shares of CACI traded up $1.60 during mid-day trading on Wednesday, reaching $507.22. 14,395 shares of the company’s stock traded hands, compared to its average volume of 110,897. CACI International has a 12 month low of $302.21 and a 12 month high of $508.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $11.31 billion, a P/E ratio of 29.30, a P/E/G ratio of 2.11 and a beta of 0.93. The stock’s 50-day moving average is $472.70 and its two-hundred day moving average is $432.25.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, topping the consensus estimate of $5.93 by $0.68. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.93 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.30 EPS. Research analysts forecast that CACI International will post 23.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, the director now owns 5,910 shares in the company, valued at approximately $2,783,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gregory G. Johnson sold 300 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the sale, the director now directly owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the sale, the executive vice president now directly owns 22,651 shares in the company, valued at approximately $10,946,548.77. The disclosure for this sale can be found here. Insiders sold a total of 21,270 shares of company stock valued at $10,165,972 over the last three months. 1.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CACI International

Hedge funds have recently modified their holdings of the stock. Kennedy Capital Management LLC raised its position in CACI International by 39.9% in the first quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after purchasing an additional 2,359 shares during the period. SG Americas Securities LLC increased its holdings in shares of CACI International by 418.0% in the 1st quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock worth $1,713,000 after acquiring an additional 3,649 shares during the period. M&R Capital Management Inc. acquired a new position in shares of CACI International during the first quarter worth approximately $1,092,000. Running Oak Capital LLC increased its holdings in shares of CACI International by 10.6% during the first quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock valued at $11,403,000 after purchasing an additional 2,883 shares during the period. Finally, BNP Paribas acquired a new position in shares of CACI International during the 1st quarter valued at $1,191,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Company Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.